Preventing the Next Eurozone Crisis Starts Now

by Jean Pisani-Ferry Added 02.12.2016
PARIS – European leaders have devoted scant attention to the future of the eurozone since July 2012, when Mario Draghi, the European Central Bank’s president, famously committed to do “whatever it takes” to save the common currency. For more...

Can Fillon Beat Le Pen?

by Hugo Drochon Added 02.12.2016
CAMBRIDGE – In the French Republican party’s presidential primary on Sunday, François Fillon soundly defeated frontrunner Alain Juppé, winning close to 67% of the votes. Two weeks ago, a landslide victory for the apparent underdog seemed out of...

Europe’s Secret Bailout

by Hans-Werner Sinn Added 02.12.2016
MUNICH – While the world worries about Donald Trump, Brexit, and the flow of refugees from Syria and other war-torn countries, the European Central Bank continues to work persistently and below the public radar on its debt-restructuring plan –...

Is Our Economic Future Behind Us?

by Joel Mokyr Added 30.11.2016
CHICAGO – With the global economy yet to recover from the 2008 economic crisis, concern about the future – especially of the advanced economies – is intensifying. My Northwestern University colleague Robert J. Gordon captures the sentiment of...

Missing the Economic Big Picture

by J. Bradford DeLong Added 30.11.2016
BERKELEY – I recently heard former World Trade Organization Director-General Pascal Lamy paraphrasing a classic Buddhist proverb, wherein China’s Sixth Buddhist Patriarch Huineng tells the nun Wu Jincang: “When the philosopher points at the...

Donald Trump and the New Economic Order

by Michael Spence Added 29.11.2016
HONG KONG – Since the end of World War II, the hierarchy of economic priorities has been relatively clear. At the top was creating an open, innovative, and dynamic market-driven global economy, in which all countries can (in principal) thrive...

How Russia Stays Afloat

by Anders Åslund Added 28.11.2016
WASHINGTON, DC – The long-term sustainability of Russia’s economy is an open question. Cronyism is rife, and Russia’s heavy dependence on oil revenues means that it will suffer whenever oil prices are low. But if the Soviet Union taught us...

Implications Of The U.S. Withdrawal From The TPP

by Daniel Wagner Added 26.11.2016
President-Elect Trump’s threat to withdraw the U.S. from the Trans-Pacific Partnership (TPP) should be taken seriously, despite how mercurial he has already proven to be in failing to follow through on a variety of other campaign promises....

The Achilles’ Heel of Trumponomics

by Stephen S. Roach Added 24.11.2016
NEW HAVEN – Donald Trump’s economic strategy is severely flawed. The US president-elect wants to restore growth via deficit spending in a country with a chronic shortfall of saving. This points to a further compression in national saving, making...

America’s Berlusconi

by Bill Emmott Added 24.11.2016
LONDON – For the past couple of weeks, the world has been guessing at how US President-elect Donald Trump will behave in office and what policies he will pursue, following a long campaign full of contradictory statements. America’s previous...

Growing Out of US Leadership

by Adair Turner Added 23.11.2016
BEIJING – Donald Trump’s election has been greeted around the world with justifiable bewilderment and fear. His victory – following a fact-free, vicious election campaign – has trashed the brand of American democracy. But, while Trump is...

Donald Trump and the Sense of Power

by Robert J. Shiller Added 22.11.2016
NEW HAVEN – US President-elect Donald Trump campaigned in part on a proposal to cut taxes dramatically for those with high incomes, a group whose members often have elite educations as well. And yet his most enthusiastic support tended to come...

Donald Trump’s Choices in the Middle East

by Shlomo Ben-Ami Added 21.11.2016
TEL AVIV – US President-elect Donald Trump has said a lot about foreign affairs, without really saying anything at all. His muddled statements offer little insight into what kind of foreign policy he will actually pursue, and there is not much...

How Much Europe Do Europeans Need?

by Joschka Fischer Added 19.11.2016
BERLIN – In his final address to the European Parliament in 1995, then-French President François Mitterrand, whose failing health was evident to all, found the following indelible words to characterize Europe’s great scourge: “Le nationalisme,...

Trump’s Monetary Conundrum

by Nouriel Roubini Added 19.11.2016
NEW YORK – When Donald Trump defeated Hillary Clinton in the United States’ presidential election, the market’s immediate negative response was to be expected. But by the next day, the market’s downward turn had already reversed itself. US...

Europe Against the Ropes

by Ana Palacio Added 17.11.2016
MADRID – On November 8, as Donald Trump was sealing his shocking victory in the United States presidential election, a conference in Brussels commemorated the legacy of the late Václav Havel, the first post-communist president of Czechoslovakia...

Will Trump Bring Down the West?

by Chris Patten Added 13.11.2016
LONDON – I have spent my whole political life somewhere called “the West.” It was not literally “west”: while its heartland was Western Europe and the United States, it also included faraway countries like Australia and Japan. Rather, it was a...

Trump and the Coming Death of Multilateralism

by Daniel Wagner Added 12.11.2016
It is truly odd that the U.S. and global stock markets actually rose in the days following the election of Donald Trump as president, as if a few passing pro-business comments by the president-elect and prospect of a pro-business administration...

Preparing Asia for Trump

by Gareth Evans Added 12.11.2016
CANBERRA – Whether or not US President-elect Donald Trump behaves better once in office than he did on the campaign trail, America’s global authority has already taken a battering, not least among its allies and partners in Asia. Exercising soft...

Trump’s New World Disorder

by Philippe Legrain Added 09.11.2016
LONDON – So much for the end of history. Twenty-seven years to the day after the fall of the Berlin Wall heralded the collapse of communism in Europe, Donald Trump’s election as US president endangers the liberal international order that his...
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